Don't move...Improve!
Access cash from the equity in your home. Our home equity loans and lines of credit use your home's equity as backing to lock in an affordable rate. These lending options are ideal for home improvement projects, education expenses, major life events, debt consolidation and other major purchases.
Ask about our 3.99% or 5.99% special introductory fixed rate options1
Home Bank Equity Plan
With the Home Bank Equity Plan, the equity in your home is like money in your own bank. Enjoy the best parts of a Home Equity Line of Credit and Home Equity Loan by choosing from variable rates, fixed rates, or both, for a personalized loan solution.
Home Bank Equity Plan Features
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Home Equity Loan
Home Equity Loans are taken as one lump sum and paid off with monthly installment payments of principal and interest.
Home Equity Loan Features
Accommodating repayment terms that work for your budget
0.25% discount on your interest rate when your monthly payment is automatically deducted from a Tri City National Bank checking account
Interest paid might be tax deductible4
Local decision-making and processing
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Home Equity Loans and Lines of Credit
Comparison table of Home Equity Loans and Lines of Credit
Product
Interest Rate
APR*
3.99% 6-mo. Intro Rate | HELOC
6.990%
6.990%
5.99% 12-mo. Intro Rate | HELOC
6.990%
6.990%
5 Year Home Equity Loan
6.875%
6.875%
10 Year Home Equity Loan
7.750%
7.750%
Rates effective as of March 27, 2025
Loan Calculator
1 The advertised APRs and loan programs are subject to change at any time. Introductory APR options are available on loans for owner-occupied primary residences with up to 80% loan-to-value (LTV) and credit scores of 660 or higher. Non-owner occupied properties are not eligible for home equity and HELOC products. The Introductory APR feature requires an automatic debit arrangement to be established at closing and will require you to maintain a checking account with us from which all periodic payments will be debited. If you do not arrange to have automatic payments or if you cancel your autopayment arrangement at any time, the corresponding Annual Percentage Rate will increase by 0.25%. Such an increase will remain in effect for the remainder of the term of your agreement. Refinances of existing Tri City National Bank Home Equity Lines of Credit may be eligible for the Introductory APR with an increase of 50% of the current credit limit or $25,000, whichever is less. Introductory APR is fixed for 6 months from the closing date for option 1, and fixed for 12 months from the closing date for option 2. After the 6 month or 12 month introductory period, the APR is variable based on an index plus or minus a margin of -0.51% to +0.74% (based on credit score and loan-to-value). The index is the Prime Rate as published in the Wall Street Journal “Money Rates” table on the 10th day of the month and is subject to change monthly. Your APR will vary based on your final loan amount, actual finance charges and whether you meet specific credit qualifications. Your APR will not exceed 18.00% or go below 3.99%-4.99% (based on credit score and loan-to-value) at any time during the term of your account after the introductory period. The term of a Home Bank Equity Plan is 25 years, which consists of a 10-year Draw Period and a 15-year Repayment Period. Interest only payments are available during the Draw Period. You will not reduce the principal balance of the loan during the Draw Period if you make interest-only payments. Any outstanding balance at the end of the Draw Period will then amortize based on the variable rate and will be repaid in monthly payments over the Repayment Period. Your APR is subject to change annually during the Repayment Period. Minimum Loan Amount is $5,000.
2 Closing costs generally total between $276 and $1,077. The Bank typically pays for these closing costs unless an appraisal or certain title insurance is required. Appraisals are generally required on loan amounts equal to or greater than $100,000. Property insurance, title insurance and flood insurance, if applicable, are required on all collateral. An Annual Fee of $60 will be charged to your loan each year during the Draw Period. Ask your banker about options to waive this Annual Fee. If you terminate your right to obtain advances within 36 months from loan closing, you may have to pay an early termination fee of $350. Other restrictions and fees may apply.
3 This product contains an option to convert all or a portion of the Line of Credit into fixed-rate installment loans repayable in regular fixed payments of principal and interest until a final due date on which any remaining balance will be paid in full. There is no need to re-apply for the conversion option. You must meet certain eligibility requirements in order to exercise your right to convert. Your eligibility will be determined at time of conversion request. A signed Change in Terms (CIT) Agreement will be required upon acceptance of any installment loan terms agreed upon, in which repayment of the elected amount will be based on said CIT Agreement. Minimum election amount is $5,000. You may exercise your option to convert five times per calendar year during the 10 year draw period of your line of credit. A maximum of five installment loans can be open at any one time. The outstanding balance of any installment loan, as it exists from time to time, will be counted against your total Line of Credit. Payments made toward the principal balance of installment loans will become available on the Line of Credit. A borrower may also convert balances on installment loans back to the Line of Credit. A $100 fee will apply per conversion. Your APR may increase if you exercise this option to convert to a fixed rate. You may prepay the installment loan at any time without penalty. Other restrictions and fees may apply.
4 Consult a tax advisor.
Terms are subject to change. Tri City National Bank's Home Bank Equity Plan requires a mortgage on your home. Failure to pay your loan could result in loss of your home. Homeowner’s insurance is required, and flood insurance may be required on the property used as collateral.
